Short Answer Questions · Q11
Q.Give the proforma of a Bills Receivable Book.
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Start your 14-day free trial to unlock the full solution →The Bills Receivable Book lists every bill received, with its acceptor, term, due date and amount.
The Bills Receivable Book is a subsidiary book that records the details of all bills of exchange and promissory notes received. Its total is periodically posted to the debit of the Bills Receivable Account, and each drawee's account is credited. A typical proforma is:
| Date of receipt | From whom received | Acceptor | Date of bill | Term | Due date | Amount (₹) | How disposed of |
|:---|:---|:---|:---|:---|:---|---:|:---| …
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